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Welcome to Government Institute of Printing Technology

 
Costing and Estimating Code: 402
Teaching Scheme
hrs/week
Examination Scheme
Theory
Practical
Theory
Marks
Duration
UT Marks
Pr. Marks
TW Marks
4
--
80
3 hrs.
20
--
--

Rationale: Costing and Estimating is an integral part of any Business. This course teaches a scientific approach towards costing of different printing elements. The student will understand how a precise value of a job can be determined, what factors should be considered while estimation, what is the upper limit on wastage, how indirect costs are to be allotted to different productive departments, etc.

Lesson No 1:
Theory.
Marks
Hours
1.1

Outline of British Printing Industries Federation system of costing.

4
3
1.2
Factors affecting profitability
3
2
1.3
Budget centres- cost recovery and service
4
3
1.4
Comparison of actual and budget expenses.
2
2
1.5
Forecast of life of assets.
4
3
1.6
Depreciation and its methods. Cost control system and cost reduction.
6
4
1.7
Hourly cost rate and machine cost rate, allocation of expenses.
6
4
1.8
Type of cost- fixed, variable, unit.
2
1
1.9
Comparison between time rate and work rate system
4
3
Lesson No 2: Forms.
Theory.
Marks
Hours
2.1

Statement-summary-of expenses.

5
2
2.2

Work Instruction Ticket.

--
1
2.3
Invoice.
--
1
2.4
Cost sheet.
--
1
2.5
Requisition- paper, ink, binding materials, etc.
--
1
2.6
Shift production reports.
--
1
2.7
Estimate form and delivery and sales report.
--
1
Lesson No 3: Estimating.
Theory.
Marks
Hours
3.1

Qualities and tools of estimator, standard press routine and its advantages.

10
8
3.2

Estimation of paper-paper size (British & ISO), GSM, wastage allowance. Weight of web & sheets, calculation of no. of pages
Ink consumption-SPANKS formula.
Binding material calculation.


10


5
5


10


5
5
3.3

Determination of rate for design, DTP, processing, binding and finishing plate making and printing.

5
5
Lesson No 4: Legal Aspects.
Theory.
Marks
Hours
4.1

Liability, customer’s property, terms, disputes about cost variation & delayed payments, taxes, variation in quantity, local organization & rules

5
8

Reference Books

No.
Title of Book
Author
Publisher's Name
1
ICosting & estimating
B.D.Mendiratta
--
2
Printer’s costing
Ruggles
--

 

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